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Archive for the ‘Economics’ Category

September 13th, 2021 - 4:02 pm § in Biden, Business, Economics, Politics

Should Biden reappoint the Federal Reserve honcho?

The Federal Reserve (the “Fed”) has a major impact on the economy. Its monetary policies affect employment, inflation, interest rates, and economic growth. It has the power, by making a policy mistake, can tip the economy into recession. (The Fed also has important regulatory responsibil[...]

September 3rd, 2021 - 12:25 pm § in Business, Economics

Backordered

You can order, but you can’t buy. You’d better get used to it, Vox says (here), because shortages aren’t going away. Why? Because the pandemic has throttled the world’s far-flung supply chains. And while the U.S. economy may be reviving, albeit in fits and starts, the rest of[...]

August 23rd, 2021 - 6:24 pm § in Economics, Hypocrisy, News Media

Tucker Carlson falsely blames refugees for housing shortage

Ranting about America’s housing crisis, which is real enough, Fox host Tucker Carlson told his gullible audience, “So, why is it happening? Well, lots of reasons, but one reason it’s happening is America is becoming a lot more crowded than it ever was, and one of the reasons for th[...]

August 17th, 2021 - 6:34 pm § in Business, Economics

Help wanted

Given a tight labor market, I’d guess these jobs will go unfilled. Read story here. Return to The-Ave.US Home Page[...]

August 15th, 2021 - 5:20 pm § in Economics, Environment, Politics

Climate change? What climate change? Oh, that climate change.

NOAA “announced Friday that July was the hottest month since record-keeping began 142 years ago,” NBC News reported on Sunday, August 15, 2021 (read story here). NOAA, if you don’t know, is the National Oceanic and Atmospheric Administration, a federal agency under the Department o[...]

August 14th, 2021 - 12:36 pm § in Economics, Politics

Conservatives: Use hunger to make wage earners “obedient dogs”

If you work for a living, these people are not your friends. Return to The-Ave.US Home Page[...]

August 7th, 2021 - 12:52 pm § in Economics, Misc.

Where rent is $420 a month

A 65-year-old American woman living on Social Security and whatever she makes from freelance writing pays $420 a month for a 2-bedroom, 1,100-square-foot apartment with 10-foot ceiling only half a block from a beach. She can “also walk to a plethora of caf├ęs, shops and restaurants.” Her[...]

August 1st, 2021 - 12:41 am § in Business, Economics

The $15 minimum wage is here

It wasn’t enacted by Congress, but by the free market. Employers have over 9 million unfilled job openings. With inflation over 5%, the federal minimum wage of $7.25 an hour (many states have enacted higher) doesn’t cut it. No one can live on that, and no one has to. Employers like Amazo[...]

July 9th, 2021 - 10:19 am § in America, Biden, Business, Economics, Foreign Affairs, Misc., Politics

Who’s to blame for gas prices?

Republicans want to blame Biden (see story here), but that’s ridiculous. Gas prices are tied to supply and demand. Bottom line, supply is down from years of disinvestment in oil production, and demand is jumping as America comes out of pandemic hibernation and millions of us resume commuting t[...]

July 2nd, 2021 - 10:35 pm § in Economics, Misc.

Is $5 gas coming?

Gas pumps in my Seattle neighborhood already sport $3.999 prices, partly because Washington has the country’s 4th highest gas taxes (67.8 cents combined federal and state; see state-by-state rankings here). Oil prices obviously affect pump prices, but don’t dictate them. Crude oil is a g[...]